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Below presented table shows purchases of new capital assets by a small business and formation of the Undepreciated Capital Cost (UCC) account Purchases of
Below presented table shows purchases of new capital assets by a small business and formation of the Undepreciated Capital Cost (UCC) account Purchases of new capital Year assets CCA UCC 1 $2,000 2 $1,000 $300 $1,700 $660 $2,040 $1,062 $3,978 3 $3,000 If this business is subject to a 13% tax rate and it uses MARR of 9%, what is the present worth of the tax savings according to the Canadian Capita Cost Allowance System? (Present your answer in dollars with 2 decimal places and without the $ sign)
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